I'm surprised that no one has responded to this thread during the past few days. This problem is very interesting, and I have worked out a solution, not using energy conservation, but using the kinematic and dynamic equations instead. I would like to compare notes with what other people have found. My finding was that, if the particle travels in a circular path, if the attractive body is located at the circumference of the circle, and if the line of action of the force points directly between the particle and the attractive body, then the force of attraction must be inversely proportional to the distance between the particle and the attractive body to the 5th power. I also found that the velocity and acceleration of the particle are not constant in magnitude along the circular trajectory.
But I had some issues with what is happening when the particle is in close proximity to the attractive body. I concluded that, in order for the analysis to make sense, the attractive body had to lie slightly inboard of the circular trajectory; otherwise, the particle could never accelerate along its trajectory away from the attractive body. Has anyone else obtained an inverse 5th power dependence, and has anyone else considered the issues I have mentioned when the particle is close to the attractive body?
Chet